price changes, last Friday the stock lost approximately 52% on the market on a shocking traded volume of over 8 million shares.However, the strangest thing here was that on the day of the fall TTII has not only released optimistic news on its business, but also has been promoted. On Friday, Tree Top Industries, Inc. reported that it has signed a Letter of Intent with Sky Corporation to explore the possible synergies and opportunities of a joint venture between the two companies. Tree Top also reported its intent to form a new subsidiary and find partners with revenues and dynamic business plans.
Along with the promising statement, TTII was promoted by ShamrockStocks.com, which pointed the stock as a “lucky pick of the day”, trying to pump up its market position. However, until the end of the trading session, TTII kept falling down and its price change remained negative. Though, it looks like Tree Top doesn’t give up so easy. Today, otc-advisors.com published a huge alert on TTII, placing it among the “Bulls of the day”. Apparently, that’s a brand new effort for pushing up the stock price, though no one can be certain about its next move.
Tree Top is a development stage company, moving to acquire companies that are in various stages of development. Obviously, the current price fall looks quite similar to another price crush a month ago, also difficult to be explained. Though, the circumstances were the same as now – despite being promoted, TTII rushed to the bottom at once and nothing could pump it up. Now the result of the last promotion is just about to be seen.[BANNER]
In the meantime, the accumulated deficit of Tree Top during the development stage period exceeds $95 million and the company still has no cash for its liabilities. Apart from these facts, the stockholders’ deficit of TTII is over $2 million and the company has a significant operating loss accompanied with expenses that Tree Top cannot cover.
While the losses have been constantly increasing, TTII has not yet established an ongoing source of revenues. Thus, the company’s ability to continue operation is dependent on obtaining adequate capital to fund its operations. However, in case this doesn’t happen, Tree Top could be forced to cease operations, while the only thing left for investors is to wait for the company’s forth quarter results in March.
